Tag Archives: fomc minutes

Gold (XAU/USD) Technical Analysis Gold prices extended their decline under sustained selling pressure, in line with the bearish outlook outlined in our previous report. The precious metal successfully reached its formal initial target of $4,430, printing an intraday low of $4,423 per ounce. Technical Outlook – 4-Hour Timeframe: Current price …

USD/CAD Technical Analysis The USD/CAD pair successfully held onto its recent gains in line with our previous technical projections, reaching the initial target of 1.3835 and printing an intraday high of 1.3848. Technical Outlook – 4-Hour Timeframe From a short-term perspective, the technical outlook remains cautiously constructive, with the pair …

GBP/USD Technical Analysis The bullish trend dominated the price action of the GBP/USD pair during the previous trading session, after the pair successfully established a constructive foothold above the pivotal 1.3420 support — a development that has strengthened the prospects of an extended upside move over the short term. Technical …

Gold (XAU/USD) Technical Analysis Gold prices reversed the bullish trajectory projected in our previous technical report — which had hinged on the importance of trading remaining anchored above the $4,486 level. As a reminder, we had previously flagged that the price’s failure to defend this level would bring selling pressure …

Positive trading dominated the USD/CAD pair, recovering some of the losses from previous sessions. In the short term, the pair is attempting to break through the 1.3820 resistance level. Technical Outlook – 4-Hour Timeframe Regarding the short term, we maintain a cautiously positive outlook, supported by the 50-day simple moving …

GBP/USD Technical Analysis Positive momentum has returned to the GBP/USD pair across intraday trading, with the pair successfully clawing back a portion of its previous losses on the back of an improvement in buying momentum. Technical Outlook – 4-Hour Timeframe: Within the intraday landscape, the simple moving averages continue to …

Gold (XAU/USD) Technical Analysis Gold prices are currently navigating a modest downside move as part of natural profit-taking activity in the wake of the strong gains the precious metal harvested at the close of last week’s trading. Technical Outlook – 4-Hour Timeframe: Despite the prevailing selling pressure — driven by …

USD/CAD Technical Analysis The USD/CAD pair preserves its corrective upward trajectory with little material change to the underlying technical outlook, amid the continuation of positive momentum across the short-term price action. Technical Outlook – 4-Hour Timeframe Within the short-term landscape, the pair has established a robust support base in the …

GBP/USD Technical Analysis Negative price action has returned to dominate the GBP/USD pair after it ran into the pivotal resistance at 1.3460, which forced the pair to relinquish its recent gains. Technical Outlook – 4-Hour Timeframe: On the short-term horizon, the simple moving averages continue to function as dynamic resistance …

Gold prices managed to reverse the bearish trajectory projected in our previous technical report, staging an upside rebound and successfully defending the psychological $4,500 support floor. The precious metal advanced to an intraday high of $4,570. Technical Outlook – 4-Hour Timeframe: Despite the ongoing recovery attempts, the simple moving averages …